Section 2: Why every transaction affects two or more accounts. When you buy a car your Asset—Car account goes up, but your Cash account goes down. When you buy an ad in the local paper, your Advertising Expense account goes up, but so does your Accounts Payable (bills that are payable later). Filled with examples. Double-quiz lets you practice as if you were on the job.
Section 3: The rules. Pick up the simple rules of double-entry bookkeeping. Which amounts go in which accounts and how to show this. Filled with examples. Double-quiz lets you practice until you know it cold.
Section 4: Recording journal entries. Master the final steps of journal entries. Learn what "debits" and "credits" mean and how they affect each kind of account. Master simple v. compound journal entries. Double-quiz lets you practice journal entries.
Section 5: The general ledger Accounts. Shows you what a ledger account looks like on a computer v. on paper. Explains how journal entries you learned go into the accounts. Now learn how to quickly retrieve find financial information from the accounts—such as:
- your company's cash balance
- your company's sales for any month
- which bills your company has paid or not unpaid
- other financial information
Double-quiz lets you practice finding and retrieving financial information in minutes!
Back to Continuing Education | Order Form
